Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 493. (Read 941427 times)
get in now or miss the boat
Update on the NXTCrypto.org leasing pool. See https://nxtforum.org/index.php?topic=1020.0 for more info...
I will probably migrating everything to a new virtual web host called pool.nxtcrypto.org but for now its all on vps3.nxtcrypto.org
I have 2 pages ready now. Note the data is hyperlinked to the block explorer.
http://vps3.nxtcrypto.org/status.php which gives most latest block and leasor balances as of that block. There are a few leases that are about to mature and begin participating in maybe 3 or 4 hours. There is just 1 account there now, the pool forging account, so in the next few hours this list will begin populating
http://vps3.nxtcrypto.org/earnings.php will give a table of all leasors' earnings based by forged block. So this is where 100% transparency comes into play. Its empty now due to the pool not having forged any blocks but hopefully that will change soon! Its just a flat table now but soon I will add a form for you to select a block or a leasor to just view those particular facts.
Both of those pages are available on vps2.nxtcrypto.org as well, so you can see better how things will work. It is on my private testnet, but keep in mind that the accounts/blocks reported on the testnet wont give valid data on the block explorer.
I will probably migrating everything to a new virtual web host called pool.nxtcrypto.org but for now its all on vps3.nxtcrypto.org
I have 2 pages ready now. Note the data is hyperlinked to the block explorer.
http://vps3.nxtcrypto.org/status.php which gives most latest block and leasor balances as of that block. There are a few leases that are about to mature and begin participating in maybe 3 or 4 hours. There is just 1 account there now, the pool forging account, so in the next few hours this list will begin populating
http://vps3.nxtcrypto.org/earnings.php will give a table of all leasors' earnings based by forged block. So this is where 100% transparency comes into play. Its empty now due to the pool not having forged any blocks but hopefully that will change soon! Its just a flat table now but soon I will add a form for you to select a block or a leasor to just view those particular facts.
Both of those pages are available on vps2.nxtcrypto.org as well, so you can see better how things will work. It is on my private testnet, but keep in mind that the accounts/blocks reported on the testnet wont give valid data on the block explorer.
Sells till 5500 sat on BTER are gone.
4 Days left until the Asset Exchange.
Things are getting serious now!
4 Days left until the Asset Exchange.
Things are getting serious now!
Very nice
AE is going to come！！
Thanks! Also I understand forging helps make the network stronger. But can people with small amounts of nxt like <50000 be able to get something from it?
If by get something you mean Nxt, then no. Your chances of forging a block are a fraction of a percent and even if you hit the jackpot, it's likely you'll forge a block with nothing in it.
Maybe if the guy with a lot of Nxt starts (or joins) a pool and doesn't take a share you'll get something out of it but that would really be the only way.
Hey Guys, please show your support for Nxt on BTC38
https://www.facebook.com/btc38
https://twitter.com/btc38com
https://www.facebook.com/btc38
https://twitter.com/btc38com
Does not seem to be an official fb page ! Careful
Hey Guys, please show your support for Nxt on BTC38
https://www.facebook.com/btc38
https://twitter.com/btc38com
https://www.facebook.com/btc38
https://twitter.com/btc38com
Does not seem to be an official fb page ! Careful
Instead of making false statements, try posting a link to support your claim.
Hey Guys, please show your support for Nxt on BTC38
https://www.facebook.com/btc38
https://twitter.com/btc38com
https://www.facebook.com/btc38
https://twitter.com/btc38com
Does not seem to be an official fb page ! Careful
Hey Guys, please show your support for Nxt on BTC38
https://www.facebook.com/btc38
https://twitter.com/btc38com
https://www.facebook.com/btc38
https://twitter.com/btc38com
Thanks just did.
Hey Guys, please show your support for Nxt on BTC38
https://www.facebook.com/btc38
https://twitter.com/btc38com
https://www.facebook.com/btc38
https://twitter.com/btc38com
The NXT Community & Development Update has been cancelled for today due to my work schedule. Bas & David are unable to host the update due to their work schedules as well.
We will continue the update next week.
You can catch previous updates here:
http://nxtfoundation.com/updates/
Sorry for the inconveniences folks.
Tai Zen
We will continue the update next week.
You can catch previous updates here:
http://nxtfoundation.com/updates/
Sorry for the inconveniences folks.
Tai Zen
Thanks for all the valuable information what you guys are putting together.
Next week is going to be awesome week for NXT.
I am already holding on to my hat!!
Seeking Silver Sourcers/Retailers. Profit Potential
https://nxtforum.org/silver-bullion-gateway/seeking-silver-sourcersretailers-profit-potential/
https://nxtforum.org/silver-bullion-gateway/seeking-silver-sourcersretailers-profit-potential/
Thanks for the heads up Tai Zen. Looking forward to the next update 
The NXT Community & Development Update has been cancelled for today due to my work schedule. Bas & David are unable to host the update due to their work schedules as well.
We will continue the update next week.
You can catch previous updates here:
http://nxtfoundation.com/updates/
Sorry for the inconveniences folks.
Tai Zen
We will continue the update next week.
You can catch previous updates here:
http://nxtfoundation.com/updates/
Sorry for the inconveniences folks.
Tai Zen
Thanks! Also I understand forging helps make the network stronger. But can people with small amounts of nxt like <50000 be able to get something from it?
Having this kind of pool of course. Especially because he does not want to have piece of the cake.
Thanks! Also I understand forging helps make the network stronger. But can people with small amounts of nxt like <50000 be able to get something from it?
Can someone give me a quick rundown of what that first transaction achieves? Why is your account more secure afterwards?
This has relevance for cold storage, since it's not possible to send NXT into a verified account that has been created solely offline. Although you can create the address easily enough and send funds to it, what's the trade-off with connecting it to the web for that one transaction and the security it brings?
This has relevance for cold storage, since it's not possible to send NXT into a verified account that has been created solely offline. Although you can create the address easily enough and send funds to it, what's the trade-off with connecting it to the web for that one transaction and the security it brings?
I can't explain from the level of the code (I don't think that is what you want anyway
) but...An account without an outgoing transaction has 64 bit encryption. When you send an outgoing transaction, the account number (public key) is registered on the Nxt Blockchain. This then provides the account with 265 bit encryption.
As I understand it, it is possible that 64 bit could be bruteforced within 2-3 years. 256 bit makes it practically impossible to bruteforce.
Thanks! Actually I was hoping for a little more detail
The address is something like sha256(curve25519(sha256(key))). It is presumably as easy or hard to bruteforce this regardless of whether an account has been verified. If you know the key, you have access to the account.
You must be talking about an intermediate step - a way of sending funds from an account without using its private key?
You need someone better than me to go into detail
All I know is bruteforcing a 64bit key (1.8^19 possible combinations) is much easier than bruteforcing a 265bit key (1.15^77 possible combinations). How it is actually converted between the two...?
If you are on Nxtforum, the best place to post for the detail would be https://nxtforum.org/general/ and it will get picked up by the devs.
Can someone give me a quick rundown of what that first transaction achieves? Why is your account more secure afterwards?
This has relevance for cold storage, since it's not possible to send NXT into a verified account that has been created solely offline. Although you can create the address easily enough and send funds to it, what's the trade-off with connecting it to the web for that one transaction and the security it brings?
This has relevance for cold storage, since it's not possible to send NXT into a verified account that has been created solely offline. Although you can create the address easily enough and send funds to it, what's the trade-off with connecting it to the web for that one transaction and the security it brings?
I can't explain from the level of the code (I don't think that is what you want anyway
) but...An account without an outgoing transaction has 64 bit encryption. When you send an outgoing transaction, the account number (public key) is registered on the Nxt Blockchain. This then provides the account with 265 bit encryption.
As I understand it, it is possible that 64 bit could be bruteforced within 2-3 years. 256 bit makes it practically impossible to bruteforce.
Thanks! Actually I was hoping for a little more detail
The address is something like sha256(curve25519(sha256(key))). It is presumably as easy or hard to bruteforce this regardless of whether an account has been verified. If you know the key, you have access to the account.
You must be talking about an intermediate step - a way of sending funds from an account without using its private key?
I want to help to promote the idea of leased forging pools by leasing my 50M stake to a pool with conditions:
a) leasing period - 30*800=24000 - approximately 1 month;
b) my stake will forge for free - all collected fees must be proportionaly distributed between pool members except me;
c) pool must have transparent accounting system - any participant can see in realtime (may be with some delay of 10 or so blocks) his forging progress.
a) leasing period - 30*800=24000 - approximately 1 month;
b) my stake will forge for free - all collected fees must be proportionaly distributed between pool members except me;
c) pool must have transparent accounting system - any participant can see in realtime (may be with some delay of 10 or so blocks) his forging progress.
The famous and mysterious Mr. 4747...888 shows up again.
For those who complain the forging income, now it's your chance to forge something decent.
Jump to: